American Tower — Oct 29, 2024 release

2024 Outlook for Total Tenant Billings Growth, at the midpoint, includes the following components (1)(2) : (Totals may not add due to rounding.) U.S. & Canada Property International Property (3) Total Property Organic Tenant Billings ~4.7% ~6% ~5% New Site Tenant Billings ~0% >2% ~1% Total Tenant Billings Growth ~4.7% >8% ~6% _______________ (1) Excludes the operating results of ATC TIPL, which are reported as discontinued operations. (2) For additional discussion regarding the component growth rates, please refer to “Revenue Components” below. Tenant Billings Growth is not applicable to the Data Centers segment. For additional details related to the Data Centers segment, please refer to the supplemental disclosure package available on the Company’s website. (3) International property Tenant Billings Growth reflects the Company’s Africa, Asia-Pacific, Europe and Latin America segments. Outlook for Capital Expenditures (1) : ($ in millions, totals may not add due to rounding.) Full Year 2024 Discretionary capital projects (2) $ 780  to $ 810  Ground lease purchases 125  to 145  Start-up capital projects 65  to 85  Redevelopment 365  to 395  Capital improvement 155  to 165  Corporate 10  — 10  Total $ 1,500  to $ 1,610  _______________ (1) Excludes the operating results of ATC TIPL, which are reported as discontinued operations. (2) Includes the construction of 1,800 to 2,600 communications sites globally and $480 million of development spend in the Company’s Da